nicole: and hewlett-packard remains under pressure after a challenging outlook from meg whitman and their team there. so those are some of the stories that we will continue to follow. here we are kicking it off with clearly up arrows across the board. dagen and connell? connell: see you quarter past, thank you very much. dagen: turn the volume up because you don't want to miss our next guest. what happened to president obama last night? here's mitt romney taking it to the president. listen to this. >> the reason i'm in this race is there are people that are really hurting today in this country and we face this deficit could crush the future generations, what's happening in the middle east, there are developments around the world that are of real concern. and republicans and democrats both love america, but we need to have leadership. leadership in washington that will actually bring people together and get the job done

and could not care less if it's a republican or a democrat, i've done it before. i'll do it again. connell: that was mitt romney. our first guest on the program today is congressman charlie rangel, democrat from new york. great to see you. everybody is asking this question in all seriousness, what happened to the president last night? >> i walked on the street this morning, people think i talk with the president on a regular basis, hey congressman, what happened? hey charlie, what happened last night? connell: we have another question congressman, what happened to your microphone? hold on a second. now it is back on. >> everyone is asking that same basic question, what happened? he certainly was not on his game. he certainly wasn't prepared for a guy that had no regard for the facts, but really took charge. what mitt romney has done many

politicians have done. when you're not in charge of the facts, just take over. we have an expression in law school, when you don't have the facts or the law with you, raise your voice. and he just took over, ran over the moderator, ran over the president, and the president just looked like he was holding him in utter contempt. i'm surprised the president didn't look at his watch like george bush did. i don't know what happened except there are times i suppose when there's just some things that you just can't do, and you know, this president will remind you and me as well that he's president of the united states. i don't know whether anybody has ever talked to him the way mitt romney has, especially a mitt romney. dagen: you make it sound like it was ugly. it wasn't ugly. at times congressman and you can agree or disagree it looked like the president just thought it was beneath him to be there. he was like i'm the leader of

the -- i'm the president. why do i need to debate this guy? >> i will take it one step further and that is that the things that mitt romney has said to make it appear as though he has a compassion and a program for the middle class and he's against the big banks and that he is for healthcare for patients is inconsistent with everything he said during the republican debates and certainly afterward. so this was a new -- what mitt romney had done -- if he had done this on saturday night live with a straight face, everyone would have been laughing, and what he got away with because the president refused to pin him down. dagen: so he's the first politician ever to change tactics mid election? he's not the first politician to change strategy mid election. >> no, but the facts are the facts. if we're talking about jobs and the economy, the greatest thing about this campaign is that voters have no way to say this

there's not a difference between the parties. i don't care what you say, romney and the president are in different directions for the country, that's with fiscal policy, domestic policy, with healthcare especially. it is abundantly clear, and i don't know why the president didn't explain why the 5 trillion dollars that's going to be loss and why the 2 trillion is expected. i don't know why as romney said, you keep repeating and repeating, but the fact remains that what happened to the 47% of the people that were written off. aren't they included in the middle class? connell: he never mentioned that. >> he never mentioned it. connell: that had to be on purpose. that had to be -- i mean that was something that's been out there forever. he had to think oh i'm not going to bring this up. >> then why take all these notes on things this guy is saying, where he reversed himself, he should have been just smiling looking at him presidentially

and say i don't believe what you are saying. connell: any trouble do you think in the polls? do you think this will really move the polls? >> no, it just means -- [inaudible]. a failure at the debate last night would have killed romney. no, it just means he's back in business. we know that -- needs a shot of coffee or something, that the president needs to come back. dagen: you let your opponent think you are kind of -- and second debate your opponent is too confident and you come back -- i'm just saying. >> what you are saying -- i don't know where you got this, but this is what i told my wife last night, you wait before this 90 minutes is over, he's got a whopper, and before i knew it, it was all over and i never saw the whopper. dagen: the whopper i'm saying

will be the second debate. >> no, you don't take gambles like that. that's not well thought out. there's no rhyme or reason for a person as talented and knows the facts, he's on the campaign trail, he is good, good, good, and mitt romney, you know, was very low expectations, very few things that he says is the same as what he said before. he's been inconsistent. but i've always said mitt romney comes out of central casting. a class b movie actor, give him any script, whatever he has to say, he will say it. and last night someone gave him a good script, and he did a pretty good job with it. dagen: we had a movie after who was a two term president so there you go. connell: good to see you by the way. >> thank you for the invitation. dagen: thank you for bringing it, personality, thank you congressman very much. here's what the president said last night about jobs.

>> over the last 30 months we have seen 5 million jobs in the private sector created. the auto industry has come roaring back. and housing has begun to rise. but we all know that we've still got a lot of work to do. and so the question here tonight is nothere we've been, but where we're going. dagen: chief economist is at ihs and he's joining us now. those numbers are accurate, aren't they? >> they are in the sense that we have gained 5 million jobs in the last four years, but as a result of that great recession, we lost 9 million jobs. so we're still 4 million in the hole, and the labor force has grown, so there are almost 13 million workers who want a job and can't find a job. that is not a good situation. it is a vulnerability for the president. dagen: what about tomorrow's jobs numbers before we move on to talk about what mitt romney

would do differently than the president? how do you expect them to come in? and how critical are the jobs numbers because we've got not this one but we also have a jobs report right before people go to the polls come november? are these going to be more critical in this election than in elections past? >> i think so. this is a about the economy, and it is especially about the jobs situation. in terms of tomorrow's number, we're saying 120,000 which isn't horrible but not great either. that's 120 total. 135 private sector. so government is shrinking still. on the unemployment rate, all important we think it is going to go up a tick to 8.2%. this is not going to be good news for the president. dagen: what is romney talking about that would be a bigger job creator at this point and do it immediately than the president? >> well i think what he is talking about is in fact not

raising taxes and essentially reducing the regulatory burden, but as you know, and the president said it, but it's true, the president's plan as well, there are not a lot of specifics here so it is a little hard to kind of pin down exactly what each of these candidates is going to do. but i think the general view is less government basically. let the free market do its thing. that was the message from last night. let the american people make their own choices, do their own thing. and that's sort of in a broad sense what romney is talking about. dagen: it was great to see you. >> thank you. dagen: coming up next hour john challenger on his new layoffs report and what the candidates need to say about the mess. connell: here we go. 18 electoral votes and no state was mentioned more in the debate last night than ohio. dagen: liz claman live from cleveland for day one of open for business. liz? liz: well, from politics to

business, cleveland and ohio, look at this, we are at the rock and roll hall of fame where 100 million dollars of tourism money comes through these doors every single year, and not only that, you've got big businesses here, upon which many other businesses in america base their models. you heard the cleveland mentioned so many times. all of the business leaders for the next two days are going to be joining fox business right here all day long for cleveland open for business. and coming up in the next hour, the brand new billionaire business owner of the cleveland browns. can he turn this sort of hard knocks nfl team into a winning franchise? that's the big question. we've got the rock and roll hall of fame ceo. do you know paul newman is from cleveland? the list goes on. here at the rock and roll hall of fame, huge tourist attraction. we have every single business.

the political leader, the governor of this state joining us live this afternoon. not to mention the mayor of cleveland frank jackson and so much more, the biggest business people. we have the company lubrizol that warren buffett just bought. need we forget the cleveland indians, coming up at 3:00 p.m. eastern, we have the president of cleveland indians coming up. all that and more. but the new owner coming up next. we will see you then. -- new owner of the cleveland browns coming up next. we will see you then. want to try to crack it? yeah, that's the way to do it!

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and we'll throw in up to $600 when you open an account. ♪ ♪ connell: going back to cleveland in just a second. what were you going to say? dagen: name that band. connell: go ahead. dagen: the band. connell: you were at the levon show last night. dagen: that was awesome. stock us now and every 15 minutes. nicole has a look at the markets for us. nicole: love the cleveland stuff that we're watching so far.

the dow still up 82 points right now. dow component mcdonald's will be one to watch today and going forward. this as the "wall street journal" has reported that mcdonald's has filed for a trademark to use its name for ground and whole bean coffee products. will that be on a bag for all you coffee lovers of mcdonald's? back to you. dagen: thank you. connell: actors halle berry, drew carey what do they have in common? i bet they are all from cleveland. dagen: let's go back to liz claman standing by with the head of cleveland's playhouse square. hey, liz. liz: hey dagen. paul newman from cleveland. i mean come on, the greatest of the great come from this great city of cleveland ohio. we are joined now by the ceo of playhouse square, sort of a

grouping of five different venues that have been around since early 1900s. thank you for joining us. >> nice to be with you. liz: well, you know, in new york it is all about broadway but when you talk to people who are in the know about theater, they all say that the greatest plays have come through cleveland either first or right after broadway. why do you think that is? >> because cleveland is a very sophisticated theater town. we have the first repertoire theater company in the country in the cleveland playhouse. it was also the sight of a lot of shows in the 40s and 50s. liz: it was a testing ground? >> yes, it was. today because we have such a great town, we have a number of shows that want to open their national show in cleveland. we have anything goes. >> anything goes was huge. what else is coming? are you going to get something like war horse? >> we do have war horse on the series. all of northeast ohio is waiting for those tickets to go on sale.

liz: i think that's a crucial point there. you don't see these very expensive shows coming to every city because the cost in this day and age when patronage of the arts is i guess a little bit more difficult to come by, tell me about the patronage here in cleveland. you know, the demographic aging, do you get the younger people understanding how important the arts are here? >> we are getting a lot of younger people. and in fact, we have 1 million guests that come to playhouse square annually, and almost 100,000 of those people from outside of the area. and we really try and keep our ticket prices lower. in fact our average ticket prices are about 20% below the national average and much less than new york. liz: i remember seeing death of a salesman. i remember seeing some really wonderful theater. but at a time when everybody is coming back, particularly the school system, how do you insert yourself in a way to get people on a higher level, whether it be political or business wise to understand that you know what?

this is important. this -- you know, governor huckabee often says -- mike huckabee of arkansas who works for fox news says this is the last thing that should be cut, arts and music. >> absolutely because it is not just quality of life. i mean we use playhouse square as a vehicle for economic development. we have in excess of 60 million dollars of economic activity because of playhouse square being where it is. liz: you could have gone anywhere, highly educated. you have been at some of the best universities in the world. why did you pick cleveland and playhouse square? >> because we don't think there's a better city than cleveland ohio. that's the main reason. we have so much to offer. and it is not just what we have in theater. -- well, we have the finest performing arts, but we also have the natural resources, and it is the quality of life. it is the people that are here. it is the warmth. liz: it is hard to convince certain actors to come perform in cleveland? like can you give me anecdotal evidence of a time when somebody famous was able to come and say this is worth is it? >> oh my gosh.

right now we have rachel york in anything goes. we have tom hanks who just loves cleveland. who was here in his internship in early days and came back a year ago when the theater festival had their 20th anniversary. it is spectacular in terms of actors wanting to come here. because they feel one the the audiences are terrific and they love being here. liz: over your right shoulder we have the cleveland ship. and lake erie. it's always thought of let's bring in the big barges, but there's an eloquence to cleveland that a lot of people don't understand and know about. >> absolutely. we have the cleveland orchestra, one of the finest orchestras in the country. we have the art museum, one of the finest in the country. we also have our medical facilities. we have university hospitals. we have the cleveland clinic.

i mean we really are an up and coming city. liz: art falco the ceo of playhouse square. the biggest companies are coming. not to mention war horse which one the tony for best play. thank you very much. it is great to see you. good luck. do you know what's kind of lagged? the sports teams, the browns and the indians they are like the bad news bears, but the team and the town have embraced all of the fans and the fans have said keep these teams here. well guess what? the browns getting a new lease on life with a billionaire businessman dagen and connell, jimmy haslam from knoxville tennessee said i want in. there's the stadium. stay tuned. coming up jimmy haslam in his first live interview since he officially becomes the owner of the cleveland browns. let's see if he can make them a winning franchise. back to you guys. connell: thank you liz. they do have some great fans there. liz claman in cleveland. dagen: small businesses are finding an unlikely source for loans. amazon, stay tuned. we will explain.

connell: and mitt romney emerging victorious in many people's estimations from the debate last night. reaction from fox news contributor jim pinkerton.

connell: small businesses really turning to an unlikely bank to get loans. how about amazon. amazon capital services part of the company's lending program which allows customers to obtain cash quicker than they would with a traditional bank loan. amazon not disclosing the number of merchants who qualify for this program, according to a company representative. however those who do qualify are characterized as heavy sellers of goods through amazon's websites. dagen: last night's presidential debate lit up social networks setting the record as the most tweeted about event in u.s. political history. exceeding both conventions. in just 90 minutes the debate generated a whopping 10.3 million tweets. sesame street was a twitter sensation last night as well for governor romney's i love big board but i'm going to

basically -- [inaudible] -- that comment generated 70,000 tweets per minute that mentioned sesame street. can i add one thing? connell: only one. dagen: what's interesting at twitter though the spin doctors become less relevant because you can't spin the public. i love it. i was watching them last night. connell: back to denver, more fallout from some of the comments and taxes is what we're going to talk about, what the the candidates plan to do about that. dagen: here's some of today's winners on the s&p 500.

dagen: stocks now every 15 minutes. nicole what is going on with metro pcs? nicole: we are here at the metro pcs post. there was a huge crowd here moments ago. you can take a look at how it is faring right now, virtually flat. this stock was below $11. then shot up to 12.78. it was halted not once but twice and that's because there was talk, right, we knew they were moving forward with deutsche telekom to merge with t-mobile usa that was all the talk we heard over the last couple of days and now bloomberg was reporting that maybe, just maybe print might step in and try and

counterbid for metro pcs. that's why we saw huge volatility and that's why the halt occurred here on the floor of the new york stock exchange. they are called volatility trading pauses. and they last for about five minutes, exactly five minutes, and then they resume trading. so obviously we've had some action. there weren't as many people there anymore but moments before that there was a huge crowd. back to you. dagen: thanks nicole. connell: you may know by now many pundits polls say governor romney emerged victorious last night after president obama failed to go after him on a number of issues. dagen: peter barnes is standing by at the debate site in denver with his insight. hey peter. peter: hey dagen and connell, that's right, mitt romney getting the win in this first bout of three bouts in the presidential debates after he aggressively went after president obama on the economy, taxes, deficits, healthcare reform, and other domestic policy issues, and of course

there were some zingers. listen. >> what we're seeing right now is in my view a trickle down government approach which has government thinking it can do a better job than free people pursuing their dreams, and it is not working. and the proof of that is 23 million people out of work. >> well, for 18 months he's been running on this tax plan, and now five weeks before the election, he's saying that his big bold idea is never mind. peter: both candidates back out on the campaign trail to of course key swing states. the president at a rally here in colorado this morning, then he heads off to wisconsin. governor romney and his running mate paul ryan will be in virginia today. we will be watching the polls to see if romney gets any post-debate bounce. dagen and connell, back to you. connell: peter thanks. still live for us in denver this morning. dagen: for more reaction to the

debate, let's bring in jim pinkerton, he's a fox news contributor. your heart has to be warmed by the amount that taxes were discussed last night. >> i was amazed. look that was a fierce debate and i think governor romney clearly won. it seems like all the pundits agree on that. but what was remarkable as you said was that there was so much agreement on this one issue of the corporate income tax. they both said get the top rate from 35, which is the highest in the world, down to 25, and who knew there would be this island of agreement and consensus amidst a pretty tough presidential campaign. connell: a lot of numbers, as you say, corporate taxes coming down, and then this whole debate, the first part of it was spent on this idea that governor romney's proposing a quote unquote 5 trillion dollars tax cut. you know, the president -- peter just played that sound bite from the president. it almost seemed as if he was surprised by the strategy or by the remarks that governor romney made, and he expected him to defend it more vigorously or something because he came up with that line well he said his whole idea is never mind.

that was an okay line, but the rest of it it seemed like he almost wasn't ready for that discussion. >> i think what romney showed was a willingness to work with democrats. he recalled what he did in massachusetts with an overwhelmingly democrats to get things done. it showed a sign of mitt romney that frankly has not been on display enough as this campaign has gone on. dagen: he was very very firm that i'm not going to lower taxes for the wealthiest americans. that the rates will go down, but if you remove from it the tax breaks and whatnot, that i will not lower them overall. and that was again another shot that the president failed to kind of -- >> right, what governor romney was doing was keeping in faith with the simpson bowles commission, the gang of 6, now the gang of 8, that have been saying lower the rate and

broaden the base. dagen: essentially throwing simpson bowles back in the president's face slightly. connell: kind of clever the way he did that well you should have adopted that simpson bowles. would you be for it governor? no i have my own plan. he said hey the president should have acted differently but here's what i will do, which is different. >> that's been the central tenet of supply economics. connell: the democrats will shift to this whole idea he can't pay for the tax cuts, hasn't told us the loopholes, anything governor romney opened them up for? >> he did say he doesn't want to see the deficit go up. i think in implicit in what governor romney was saying if you have more economic growth, you solve a lot of problems. i mean the cbo, the congressional budget office has been assuming about 2.2% growth

rate when the historical average of the united states is 3.7. that extra 1.5% makes a lot of difference when it comes to growing your way out of the deficit and also getting back to jobs and reducing unemployment which governor romney kept hammering on, unemployment above 8% for pushing four years now. that's a big deal. connell: jim pinkerton and dagen is right a lot of tax talk last night. thanks for coming in with us today. we appreciate it. dagen: nerds unite. we're open for business in cleveland. connell: absolutely. all day long, one of the newest businessman in that city, the new owner of the cleveland browns, he will join our own liz claman coming up next. ♪

think it's weird to collect air? you wouldn't think so if you saw what your lungs collect every time you breathe. protect your health with life-saving air quality updates from the american lung association. get our free "state of the air" app at lung.org. o0 c1 you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work.

everyday you see all of us serving you, around the country, around the corner. us bank. >> hi everyone i have your fox business brief. initial jobless claims rose by a less than expected 4,000 last week to 367,000. a sign of mild improvement in the labor market, but the prior week continued to trend upward revisions climbing to 363,000 and according to outplacement firm challenger, gray & christmas, the number of planned layoffs rose nearly 5% last month. honda's recalling more than 820,000 vehicles due to faulty headlights. the recall affects 2002 and 2003

civic compact models and pilot suvs from 2004 and 2005. honda will fix the wiring for free and has already started sending out notices to owners. and the rate on fixed mortgages hit record lows for second straight week. according to to freddie mac the rate on 30 year fixed mortgage is now -- [inaudible]. that's the latest from the fox business network giving you the power to prosper.

♪ dagen: butterfield blues band, that's awesome. all right. that's because we're talking about cleveland fox business's

open for business in cleveland where everyone loves a good underdog story. and there may be no greater potential for an underdog than the nfl's cleveland browns. connell: had some tough years there. but they did get a much needed jolt here with a new businessman as their owner. liz claman is there, an exclusive interview and cleveland open for business, liz. liz: go browns. listen when i moved here in 1991, i became a tried and true brown fans. in fact i got this jersey off kevin mack who was a runningback back in 93. this is the new cleveland. you talk about he's a little bit country, cleveland is a little bit rock and roll, jimmy haslam knoxville businessman is the new owner of the browns. welcome. >> thanks for having us on.

liz: right now you look backwards and all you see is missed opportunities. what is your first order of business as the new owner of the browns? >> well, let me start by saying this, the tradition here is phenomenal. you know that. you lived here for four years, and the fan base and north and eastern ohio and around the country since we have announced we're buying the browns, everywhere i travel, everybody is so excited about the browns, tremendous fan base. we're very excited. we think this is a great opportunity. it's a tremendous football town and a great community. liz: okay, but the first order of business has to be management. what happens to the coach, the president, this is what people who do care about this town want to know. 0 and 4 is that acceptable? >> i don't think anybody thinks so. we don't think it is. but we've got a young team. we're building. i think we're heading in the right direction. we don't officially own the team yet. we have said all along that we're not going to make any comments on personnel until after we own the team. liz: that's in about two weeks;

right? >> that's in about two weeks. candidly we will be halfway through the football season then. any personnel decision we make will be made toward the end of the year. liz: now the question about what you do as a businessman. perhaps it is a different sensibility. but i look at you from knoxville, tennessee, southern guy here up here in the northeast. the question then becomes you know you have been a minority owner of another team, the pittsburgh steelers. can we just say there isn't a bigger rival to the cleveland browns than the pittsburgh steelers. how do you eliminate what you felt as a pittsburgh fan, shut off that emotion and say now i'm a browns fan? i mean do we really believe you? >> absolutely. i think we said all along that we were very fortunate to be part of the steelers for four years. had a great experience. it's a first class organization. we were able to watch, listen, and learn. and hopefully we can transition some of the great stuff they do in pittsburgh to here in cleveland. our big challenge and i said this in our first press conference is we're going to work hard to make this is a rivalry again. because the last 24 games the

browns have only won 2 out of 24, liz and i wouldn't could that a rivalry. we have a ways to go. we're going to make this a real rivalry again. liz: we would love to see that here in cleveland. you made your major success at pilot, natural gas trucking stations, mostly in the south. now you have actually even bought a stake in a business here in northeastern ohio. correct? shale? >> correct, we actually have two businesses. our primary business is our truck stop business. we own another company called maxim energy. we sell diesel to drilling rigs and fracking rigs. that will be a big place of business for us here. liz: i'm looking over your right shoulder at the stadium. back in the day i was at cleveland stadium where they had holes in the window -- i mean right over there is lake erie so it is freezing during the winter. i can remember a denver game where i think my fingers froze

around the coca-cola cup. will you put a dome on this stadium? is that a consideration you have thought about? >> we've said we're going to bring stadium architects in. this stadium is 15 years old, needs some work. we will look at any and all options to make the stadium more friendly to the fans. liz: i don't think it's that old though. >> in 15 years if you think where this stadium sits and the weather it is exposed to, it is outdoor stadium, the wear and tear these stadiums take, you have to stay up to speed and stay modern. there's been a lot of stadiums built since then. liz: the ref lockout, it's now over. sadly cleveland couldn't win even with the replacement refs. the nfl structure, are you pleased with how it is run? >> the nfl is exceptionally well run. we have had the ability to watch it as limited partners of steelers. i would stack the management and leadership of the nfl with any group we have been exposed to. liz: welcome to cleveland. nobody more than the residents

here want them to succeed. good to see you. jimmy haslam iii he is the knoxville billionaire hoping to make it a winning team. >> thanks. liz: talking to fox business exclusively because we mean business in cleveland. coming up, i used to work here, 91 to 93, i was an anchor at a news channel. we're bringing in one of my old co workers bill martin we go back to columbus ohio. he's not from here. what has he done? he's stayed here through the years what is it about cleveland and cleveland business? all that and more all day long. and the governor coming up in a couple of hours live right here. connell: that's a great picture. liz doesn't see it. when you said old co workers, i thought you were bringing in pat o'brien or something. that's great liz. thank you. liz: go browns. connell: markets check time.

up with nicole once again as we do every 15 minutes or so. stocks now. take it away nicole. nicole: wanted to take a look at some financials that are leading the way today for these markets that are moving higher. the dow jones industrials are up 65 points off of their earlier highs but the financials are still shining, folks, so names like bank of america and jpmorgan are among the top performers on the dow jones industrials. citigroup is up over 2%. bank of america up more than 3%. and morgan stanley up nearly 3% today as well. we have a lower dollar. stronger euro. and the banking index is doing very well. as far as the major market averages, let's take a look at the exact levels right now. as the s&p 500 is sitting at 1458. obviously some key levels in this consolidation that we've been following closely. the tech heavy nasdaq composite, though, not too much up there, virtually flat. back to you. connell: nicole thanks. even more sports talk coming up here.

dagen: i know, detroit, cabrera breaking a record that has stood for nearly half a century. what is it, 67? is that right? connell: first triple crown since then. dagen: all right, bring it baby, bring it. connell: good for him. also we will take a look at some of the winners today at the nasdaq. there they are.

>> congratulations to miguel cabrera, first play tore win the triple -- player to win the triple crown in baseball. it was a home run shy of cabrera, but 15th player in history, triple crown winner. batting average home runs and rbis. he led the league in all three. good for him. dagen: that's right. call it good news bad news. weekly jobless claims were up slightly, but they came in lower than expectations. dagen: sandra smith now with reaction from the pits at the cme with the trade. sandra? sandra: hey there, connell. yeah, we're right the s&p 500 futures pit here in chicago. take a look at it as we speak. looking about a gain of 1/2% in today's session, up about 7 points, not a huge gain. but traders reacting to the latest round of economic data, jobless claims, talking about the debate last night, talking about comments from ecb

president draghi, all this playing a part and one big reason why they are talking about the rally in the stock market is the drop we are getting in the dollar, tends to boost a lot of those industrial names so we are seeing a stronger euro today. again also on the heels of comments from mario draghi the ecb president talking about starting another bond buying program. also looking at traders that are looking at a big board in the pit that shows some of the big industrial names, guys, like bank of america. obviously this is also a reaction to the debates last night. financials, bank of america up 3%. raw material stocks, alcoa, traders standing in the s&p pit here in chicago do watch those big dow industrial names, so much so that they have those quotes as you were just seeing right above the trading pits here in chicago, also by the way, they are watching the vix. this is the fear gauge. it is dropping today. showing a little bit more complacency this morning in the marketplace as this data rolls in. and by the way, remember that huge sell-off that we had in the energy complex yesterday, well, we're starting to see those bounce back just a little bit

this morning. crude oil, rbob gasoline, heating oil all up. and also by the way precious metals bouncing back, gold and silver also higher. we're going to continue to have live reaction from the trading floor all day, guys. back to you. dagen: thanks sandra. connell: we have been talking about it all morning just about anybody who watched will tell you romney won the debate last night. but that's in the past. the question is can he turn that into votes? then what does the president go to get things turned around? dagen: in moments one democrat, one republican face off on what the candidates need to do now. they debate. you decide. with all the opinions about stocks out there, how do you know which ones to follow? the equity summary score consolidates the ratings of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments. the equity summary score is one more innovative reason serious investors are choosing fidelity.

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>> his take on the job situation. >> do you recognize this woman? oh, yeah, fox business expert liz claman returns for our live

coverage, complete look open for business. looks great. >> top of the hour, stocks or 15 minutes, nicole petallides, any postdebate buzz going on over there? >> she looks great. let's take a look at what we are seeing on wall street, obviously coming up at the debate last night some would argue a weaker dollar helping things along, we will see. the dow jones industrial average 13,516, a gain. take a look at sprint. metro pcs halted not once but twice today obviously severe volatility today. on the idea may be sprint was going to do a counter bid for metro pcs to obviously combine

with t-mobile. now sprint has come out saying no comment, so watch these two stocks very closely. back to you. tracy: we will see you for two minutes from now. pundits have mitt romney as the big winner of last night's presidential debate. taxes play a big role in the face-off. >> the fact is if you are lowering the rates the way you describe, governor, then it is not possible to come up with enough production to the world that only affect high income individuals to avoid either raising the deficit or burdening the middle class. it is math, it is arithmetic. >> i don't have a $5 trillion tax cut, my view is we ought to provide tax relief to people in the middle class but i will not reduce the share of taxes paid by high income people.

>>tracy: and we have two differt views on the debate. christian, i want to start with you, want to talk about the $4 trillion deficit plan for president obama he talked about last night. he would propose a $4 trillion deficit reduction plan, but our research is the best, they said he's already banking a lot of legislation that is already past when he says he will be reducing the deficit by $4 trillion. if mr. obama being fair and honest with the american people? >> he is counting things that have already been agreed to. about $1 trillion there. he's counting winding down the war in afghanistan. he is real numbers, indisputable numbers, whether or not he should count them as part of his plan is certainly a political debate but there is no arguing the amounts he is talking about add up to $4 trillion in deficit

reduction. tracy: mitt romney got hit pretty hard on the $5 trillion, the big amount mr. romney kept getting thing done by president obama, his president right saying mitt romney's numbers do not add up? >> no, he was not right. what romney is proposing is lowering tax rates, getting people back to work to generate tax revenues. he never said that taxes on the rich would make up for the deficit. president obama kept saying that. obviously he did not get how that works. tracy: listen to the sound bite from last night, mitt romney talking about the off shoring of businesses and tax businesses. >> to get a deduction for taking a plant overseas? i have been in business 25 years. i have no idea what you are talking about.

i maybe need to get a new accountant, but the idea you get a break for sending jobs overseas is simply not the case. tracy: christian, was governor romney right on that point? >> no, he was actually wrong. earnings that do not subject to income tax money that is held offshore in effect incentivizing companies to have offshore jobs and keep the money outside the united states. i don't know where the governor was confused, but actually that is something that is a part of the tax code, he is wrong about that. tracy: there is no off shoring tax. you shut down a plant, fair enough, but no break for moving jobs overseas, that is how the president was characterizing that to mitt romney, mitt romney was actually correct. >> there's no tax provision that specifically says he will get a tax cut for off shoring but if you do, you will receive a tax benefit by keeping the earnings

overseas. in effect that is the same even if it is called something different. tracy: how would you respond to that? >> i agree with you, the way the president laid it out is that sure, take jobs overseas and you get a tax credit. that is just not right, it is wrong and did not play out well and mitt romney is correct. i have been in business, i've never heard of such a thing. maybe i need to get a new accountant as well. i don't know if christian is in small business or business at all, but it doesn't work that way. >> we are not talking about small businesses, we're talking a major corporations. >> it doesn't work that way. he don't get a cut or break moving your company overseas. >> you do get a cut for having company overseas. >> you are causing people to go overseas because he is talking about raising the corporate tax

rate. when people don't understand. they're forcing the moves overseas. >> he proposed from day one to lower the corporate tax rates. >> he has had for years to do it, why hasn't he done it? >> he can't bring people together, he is the president, he is supposed to be bringing the house and the senate together, and he can't do it. tracy: i would love to have you back for the next debate. christian dorsey, kereakos zuras, thank you very much. >> thank you. dennis: the nation's unemployment problems taking center stage of that debate last night. >> in the last 30 months we have seen 5 million jobs in the private sector created. the auto industry has come roaring back. and housing has begun to rise. but we all know that we still have a lot of work to do.

and so the question here tonight is not where we've been, but where we are going. >> small business creates the jobs in america and over the last four years small business people who decided america may not be the place to open a new business because new business startups are down to a 30-year low. i know what it takes to get small business going again. to hire people. dennis: new jobs numbers out this morning jobless cuts rising slower than expected. 367,000, but unemployment rates so far too hot, and new numbers on planned layoffs. john challenger joins us now. you're out this morning saying september planned layoffs of 33,000, now up versus august but down 75% versus a year ago. have we finally bottomed on job cuts, do you think? >> the job cuts have been very late this summer as have been

the job creation numbers, the economy has kind of been in a stalled state waiting for perhaps this fourth quarter when over the last three years we have seen a resurgence in the economy. we have been in this pattern for three years when things seem to get going in the fourth quarter the economy is looking better, jobs are getting hit in the spring hits and through the summer everything slows down to a halt. >> so we are still not very good on the jobs creation front but for job cuts you have september the lowest month since september 97. the third quarter, one of the slowest job headquarters in over a decade, so are we finally at the bottom here? >> certainly lets hope that this is a sign that companies just can't cut it anymore, they are poised to start creating jobs

and have people working full-time. it seems like we have companies at a point where they are happy where they are at, don't need to cut jobs, the economy is growing slowly for the first six months, so they're in a steady state. don't want to create new jobs, open up new facilities, develop new product and higher out in advance of the demand coming in but are willing to go on what they have got. almost covering what they need in terms of their revenue growth. dennis: thank you for being with us. john challenger. >> thank you. tracy: this is not too helpful for president obama either. gas prices are once again going higher. we're live with how you can profit for it, come back from it. dennis: and fox business is live at cleveland's rock 'n roll hall of fame.

but first as we do every day at this time, let's take a look at oil.

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cme. >> this is like one of those horror movies you think the monster is dead at the end. every time we think the market is out, something bad happens. not only did we have a refinery fire, the best refinery in the country, we also have increased mining. although magic talking about the euro being invincible, on the defense right now. you have to keep an eye on heating oil because they are thy tight as well. the refinery fire in texas may have more of an impact on heating oil and diesel fuel than gasoline but old on fire right now, supplies to both are very tight and below average for this time. dennis: 15 past the hour, the

worst bits of the performer. >> looking at dow components, 3m at the same time, these two companies were supposed to have a deal with concerns by regulators obviously putting this one to bed. looking at 3m and avery, we have the consumer products business about a month after the regulators have these concerns on the proposed deal, now 3m is dropping its effort to make that purchase, so we're seeing a very under pressure. tracy: thank you, we will see you soon. dennis: pictures of liz claman beginning her career in cleveland in 19 -- i will not even see the year -- say the year until where she is today. tracy: returning to her television roots for the live

coverage of cleveland open for business. still looking good. >> i hope so. back then we were covering stories, but first, fender bender on the west highway. the fact is cleveland is the place i got to do some of the best stories of my entire career, and the talent was unbelievable. speaking of talent, i'm here with my good friends at the rock 'n roll hall of fame, jim morrison and david bowie. some ma we have come through the rock 'n roll hall of fame. it is a huge tourist attraction and all day long we have the top businesses and political leaders coming through here speaking with fox business because cleveland is open for business. ohio was mentioned, the cleveland clinic was mentioned as a business people should base pairs. innovation really lives, so coming up in a few minutes we

have one of my all time, both of us are from different parts of the nation, we both chose to spend much of our career here in cleveland. i will send it back to you guys. [ male announcer ] what if you had thermal night-vision goggles, like in a special opsission? you'd spot movement, gather intelligence with minimal collateral damage. but rather than neutralizing enemies in their sleep, you'd be targeting stocks to trade. well, that's what trade architect's heat maps do. they make you a trading assassin. trade architect. td ameritrade's empowering web-based trading platform. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account.

♪ dennis: that was the raspberries of the '70s. cleveland is open for business, that is where we find liz claman. where she found herself as an anchor. at the rock 'n roll hall of fame joined by a guy who knew her back in the day. >> bob marley knew me. i'm kidding. all the paraphernalia at the rock 'n roll hall of fame. and his guitar. how about that. another guy not as old as bob marley, my coanchor, got a picture of him and me back in

the day. all i can say as he was one of the best anchors i ever worked with. here he is today come my good buddy sans mustache. he should be the one time television with a mustache. so good to see you. >> or crew wants to know many stories, i can't tell any of them. >> bill is the number one rated anchor in cleveland at fox eight, we are of course in columbus with me work for a great guy who was always the one who said let's get out there and show things, not just tell about them. i had too much of it. calm down a little bit with the midwestern look. i am from los angeles, we both ended up in cleveland and we both really loved it here.

>> my mother grew up around this area, this feels like home. they would do anything for you, stranger would stop, they would drive you someplace if you needed in a blizzard, coming in about a week from now in northeast ohio. >> we are here focusing on the business of it all, and what amazes me, i'm a big cheerleader for cleveland because i live here, but how innovative businesses are here. >> things have changed. a governor who comes here often. we have new county government, corruption that has been a big part of this area has gone away, lots of people in jail, so we're moving forward, changing. things are being built, and the city has hoped and a new future,

you can feel it and since that, that is very important. liz: that is what i do. lebron. goodbye, lebron, have a good life. seriously, look at cleveland and all it has to offer, a punchline that i felt should be a headline. >> it is. everybody is happy jimmy bought the team. we hope things can turn around, we hope we go to the super bowl. liz: the special media always was in ohio, it is a battleground state. what are your thoughts telling you? speakable last rasmussen was obama up by one point. other polls with a different spread, but this is going to be

up to the debate. this is a key state, will come down to ohio again. romney needs to ohio to win. tracy: he certainly does. here in cleveland once again, how many? speak of those who have to drive around in town get annoyed with it, but we like it because they are here and up in this state. liz: it is so nice to see you, thank you for not revealing some of those stories. i am a real journalist, a peabody award winning journalist. thank you. thank you very much. >> congratulations with everything. >liz: thank you very much. coming up in the next couple of hours we have the mayor of cleveland, frank jackson, he's a democrat. also a republican working

together to make this the fourth highest state for job creation. used to be 48. how did that happen? coming up. back to you guys. tracy: i think you and bill could do the fox affiliate in cleveland. liz: he would outshine me, he always did. tracy: good stuff, thank you very much. we will see the next hour of "markets now." mitt romney wants to repeal dodd-frank. financial stocks are higher today, but they're betting on a whim by president obama. the business of politics coming up. dennis: stick around if you want to see more photos of liz claman in cleveland. last night's event was the most tweeted event in history. but let's take a look at the winners and losers on the s&p.

nicole: i'm nicole petallides livlie on the floor of the new k stock exchange where we cover stocks for you every 15 minutes. the retailers as we keyed in on some names, nordstrom's, macy's, target and kohl's. september sales numbers have come in and they look solid, but not stellar. the back-to-school season one of the key shopping times have come and now seems customers are waiting for the next big time until the holiday season. most of the saint these games hp arrows with the exception of

koh's. back to you. dennis: thank you, nicole. our next guest says the dow is turning to a win for president obama, however he also says mitt romney won last night's debate. editor-in-chief for the almanac joining us now from the cme. jeff, do you think stocks are up to date because of a surprised romney around in the debate? >> it looks like the initial jobs number and claims were little more than expected. i don't think it was because romney won or anything but good action on the floor, it rallied after that. dennis: even obama supporters came out with not that good, kind of lethargic.

some guys on wall street this morning maybe obama got a peek at a bad jobs report for friday. you don't think that is possible, do you? >> may be his first at-bat with the new pitcher, maybe sandbagging trying not to come out and do al gore and step in his face and be too aggressive, maybe he was holding back a little bit. dennis: charlie rangel, the congressman on fox business this morning waiting for obama to come out late and finally taken down and it never happened. what was the biggest surprise for you from romney? >> seemed we were seeing a completely different person. likable, relax, he looked very comfortable in his skin, that was a big surprise. he was smooth and relaxed. having a good time. dennis: had you heard obama say that he agrees corporate tax

rates are too high and should be cut? >> i think he was just trying to agree with romney on some things. i'm not so sure the tax policies are that far apart. the most important thing going forward are those branches of government start working together, that is the problem you have right now, congress and the white house are not working together and would win the 50 most important thing in the country and probably the world. dennis: let's talk about sectors you like regardless of who is going to win. tell us about those. >> some of the top ranked stocks in the portfolio, they scored very high. pharmaceuticals, they do prescription and over-the-counter drugs, good

margins, decent pe value, some of the others we like, another high-scoring stock for us, dog pile, the revenue growth is up, also the premiere of the mining company doing gold and silver, new mexico and canada secondary with gold corporation. a food and fuel oil product maker, they have some great numbers, great product growth. cedar fair, a big company with 750% year-over-year quarter revenue growth. dennis: editor-in-chief. thank you. >> thank you. tracy: it is time for your west

coast minute. los angeles area gas station owners beginning to shut down pumps due to a supply shortage. lack of supplies sent wholesale prices through the roof in california and pump prices at an average of $4.35 per gallon. jet fuel workers at the seattle airport may be about to strike. a large protest yesterday at the airport over safety concerns and a suspension of a coworker could lead to a walkout. supplying 75% of the fuel believe a whistleblower is being punished. the company denies it, airlines say things will be fine. it was quite a night for the oakland a's when they clinch the al west title beating texas 12-5. overcoming a four-run deficit, a fly ball dropped by josh hamilton is one of many things that gave oakland the advantage. and that is your west coast minute. dennis: coming up, why big board is getting more attention on

twitter than the candidates themselves after the debate. tracy: you have to love the bi g bird. first, as we go to break, take a look at the 10-year treasury. we will be right back.

>> i am tracy byrnes with your fox business brief. the brushed wall street news as the report on the struggling labor market helped push stocks higher. the dow up about 88 points. factory orders slipped more than 5% in august dragged down by a slump in demand. the biggest decline since january 2009. upscale restaurant rating guide now has something to say about fast food. in n. out burger, wendy's and subway tops the list according tto a new survey but individualy wendy's when the individual taste test. according to size, those with 100 to 500 locations, and boasts more than 5000 locations nationwide. that is the latest from the fox business network giving you the power to prosper.

>> dueling tax plans, they're a hot issue at the debate. mitt romney's plan to cut tax rates across the board. rich edson is fact checking the claims. >> doing descriptions of that plan. president obama called a $5 trillion tax cut in part benefiting millionaires, governor romney says it is not. a very broad framework of few specifics. exempting those earning less than $200,000 of taxes on interest, dividends and capital gains. in all, that cuts revenue in the year 2015. the obama campaign multiplies that by 10, 5 trillion over a decade, other groups have disputed that cost. the reason is not a massive tax

cut, the romney plan raises the same tax revenue elsewhere by eliminating itemize deductions, personal exemptions and health care provisions and assumes increased economic growth for lower taxes means more tax revenue to the treasury in one budget analyst says that plan worked. >> if it is to be revenue neutral, they wouldn't need to be other offsets, completely doable. more than a trillion dollars available in various credits deductions on the tax preferences. >> the difficulty of analyzing the romney tax plan if he only offers a framework of lowering tax rates and eliminating taxes and leaves the rest of the congress, and that is the hard part is figuring out who they have to eliminate. back to you. dennis: thank you very much, rich edson. cheryl: airlines beginning to

see their profits rise thanks lower fuel costs and my next guest says he's cautiously optimistic on the sector overall. joining me now, always great to talk to you. it looks like we are seeing capacity cuts again, airlines getting a break on jet fuel, will it be a good quarter of earnings? >> it will be a good quarter, talking the third quarter now. jet fuel prices have been going up in the summer even getting a little break now been delayed. as far as the revenue goes, it is being squeezed, only seeing 1% increases. earlier this year we were around five, six, 7%. the airlines aren't being squeezed on the revenue side get into capacity cuts. cheryl: they are making record profits on fees whether it is bag these, move a seat, that is

$45, everybody is kind of getting on this bandwagon. even though it will make the customer mad, isn't that good for the industry and a reason to buy the stock? >> they're getting good bag these now, the ticket price increases have stopped, seen some discount income coming in. cheryl: do you think airliners will continue to fold or little bit of a break? >> they will be full. filling in the ticket prices, from what i understand early bookings through october are still pretty solid for the airlines are being very cautious, europe becoming very weak. cheryl: that could actually have a negative affect on the airline sector. why? >> people are going to travel budget for next year, don't think anybody really believes

the competition is dumb enough to let that happen, but it is a consideration to have to take during the budget for next year. cheryl: anything is possible. some of those names, you still have to sell on amr, what happens? >> did a good job restructuring. this was happening with the stocks. i think it'll be a solid airline situation. cheryl: her price target on delta, $15 per share, do you think the we will get good numbs from them? >> we will get good numbers from the airlines. cheryl: and you have to buy the price target. >> i prefer delta over united at this point. cheryl: will be doing a jetblue

promotion giving a free ticket. maybe jetblue will get numbers as well. thank you very much, good to see you. dennis, over to you. dennis: stocks now with nicole, can figure out why bank stocks are rallying after the debate. nicole: mercy names leading the way on the dow jones industrial, the banking index is shining, 2%, 3% respectively. the market is trending higher, another case some would argue, repealing dodd-frank. we will know more as time passes, but bank of america up three full percentage points. let's take a look at how we are faring. dow jones dust fills up. up more than half of a percent right now. back to you.

cheryl: we will see you at the top of the hour. if you feel you're not getting enough likes on facebook, why not pay for them? the company announcing a feature to allow users to pay more to get more visibility for their posts. cussincausing facebook users ar7 per post to push their status or events to a larger number of friends and higher on the newsfeed. $21.79 right now, but down over 40% since the ipo earlier. dennis: the interesting thing here is it gives you, facebook came out said we have 1 billion users, starting to get little dollars here or there was that big of an audience, the potential revenue stream. cheryl: if they can get the advertising revenue together at facebook, you're right.

a lot of the games have fallen flat. dennis: the content brings millions of people to facebook and facebook should be paying me for the content, now i am paying facebook to get my content higher. google should do that with results. and why debate watchers are all on twitter over big bird last night. cheryl: first, a look at some of the winners over on the nasdaq. there are losers as well. we will be right back. [ male announcer ] you are a business pro. monarch of marketing analysis. with the ability to improve roi through seo all by cob.

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dennis: last night's debate was the mosa most tweeted politicalt ever. but the real star was neither romney nor obama. it was sesame street big bird. over 10 million estes went out, but how insightful was the talk? after romney said h says he liks big bird woodcut pbs funding, big bird got tweet 17,000 times per minute. new accounts opened including fire big bird. they put out this statement, a nonpartisan, non-profit organization, would not comment on the campaign but we're happy we can all agree that everyone likes big bird. cheryl: like most people, i am following on twitter while watching the debate and when the big bird tweet started, i

started laughing and missed part of the debate. whoever books big bird on this network gets doughnut on me. and unlike the bank for loans. amazon capital services part of the lending program which allows customers to obtain cash quicker than they would with a traditional bank loan. amazon is not disclosing the number to qualify for the program according to a company representative. however those who qualify are characterized as heavy sellers of goods on the amazon website. dennis: i guarantee the next phone call amazon will get is from the new consumer protection board investigating non-bank type of lenders bidding request for thousands of pages of documents for the first time they have been in business from federal regulators. cheryl: i don't care who is willing to get the money. a loan is a loan.

dennis: the consumer board is so suspicious of creditors trying to rip everyone off, wonder if amazon will have a hard time getting this started. cheryl: one of the big stories we have been following is amazon in california with the online sales tax. it looks like overall every consumer will be paying sales tax for online purchases. dennis: those plants require protection and department service and should pay taxes, but if you don't have any plant in any state elsewhere, why should you have to pay taxes in that state? cheryl: we have done this story so many times, experts have come on the show at noon eastern time and said look, this needs to be a federal tax, make it fair. but then you have companies like amazon who have been fighting it, they have almost given up a fight and that is where you are seeing the shift change. for online marketplaces and for loans as well. dennis: if you have a hammer,

everything looks like a nail. the government has a budget deficit and so they're looking for taxes everywhere. when internet started out, they wanted to leave texas alone, we want this thing to bloom and it has created hundreds of thousands of millions of jobs if you start taxing every transaction, you're going to hurt the engine that is the growth engine of the country. cheryl: want to ask you, the debate last night, you were watching, what did you think? dennis: it was a romney run. where is the real mitt romney? clearly an imposter who is a fantastic debater. cheryl: when he came out talking about dodd-frank, said i would repeal it for part i will leave in place, when he said the corporate taxes need to be low lower, defending small business at 54% of small businesses file as llc meaning they pay personal income tax, the facts were there.

he had his game on. dennis: you're right, mr. president, 97% of small businesses, but 3% employed most of the workers in the economy. if you raise the taxes on them, they cannot give raises to their employees. cheryl: any talk about the state of ohio. cleveland has had some successes in a variety of fields from casino to medical products and more. cleveland is open for business and they are rocking. dennis: such a good connector. liz claman talks to cleveland's mayor and the president of the greater cleveland partnership. plus lori rothman and melissa francis have more on the market. reaction to the big debate last night. keep it here on fox business.

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